FORM NT 10-K FOR STERLING WORLDWIDE CORPORATION FILED ON APRIL 14, 1998
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SEC File Number
33-55254-29
Cusip Number
859904 50 FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One) __ Form 10-K _ Form 20-F _ Form 11-K _X_ Form10-Q _ FormN-SAR
For Period Ended: September 30 1997
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[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[X] Transition Report on Form 10-Q
[ ] Transition Report on From N-SAR
For the Transition Period Ended:
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READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM. PLEASE PRINT OR
TYPE
Nothing in the form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification related to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
PART 1
REGISTRANT INFORMATION STERLING WORLDWIDE CORPORATION
Full Name of Registrant Sterling Worldwide Corporation
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Former Name of Applicable Koala Capital Corporation
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Address of Principal Executive Office (Street And Number)
153 St Johns Road Tunbridge Wells Kent TN4 UP United Kingdom
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Address of Registered Agent (Street And Number)
1800 E. Sahara Suite 107,
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City, State, and Zip Code Las Vegas, Nevada 89104
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PART 11 - RULES 12b025(b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate Box)
[ ] (a) The reason described in reasonable detail III of this form could
not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report of transition
report on Form 10-Q, or portion thereof will be filed on or before
the fifth calendar day following the prescribed due date; and
[ ] (c) The accountant's statement or other exhibit required by Rule 12b-25
(c) has been attached if applicable
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K,
10-Q, N-SAR, or the transition report or portion thereof, could not be filed
with the prescribed time period. (Attached Extra Sheet if Needed)
<PAGE>
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Anne M.E.Greyling 011441892 541747
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(Name) (Area Code) (Telephone)
(2) Have all other periodic reports required under Section 13 or 15 (d)
of the Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such reports been file? If answer is no identify
report(s). [ ]Yes [X]No 10-QSB Spetmeber 30, 1997
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof? [X]Yes [ ]No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons, why a
reasonable estimated of the results cannot be made:
Change in financial condition will occur as a result of acquisition of four
corporate entities which own and operate and manage the Fort Thomas Hotel and
Resort located in Basseterre St. Kitts, the discontinued operations of the
companies Travel Net subsidiary, and various other acquisition due to difficulty
in compiling past financial records of the operating entities quantifying all of
the outstanding liabilities of the business acquired and preparing consolidated
financial statements and audit thereof , no estimation of the changes in
financial condition will be made prior to audit.
Sterling Worldwide Corporation
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: 4/14/98 By /s/ ANNE ME GREYLING
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ANNE ME GREYLING
PRESIDENT
INSTRUCTION: The form may be signed by an executive officer of the
registrant or by any other duly authorized representative. The name and
title of the persons signing the form shall be typed or printed beneath
the signature. If the statement is signed on behalf of the registrant
by an authorized representative )other than an executive officer),
evidence of the representative's authority to sign on behalf of the
registrant shall be filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See U.S.C.1001).
GENERAL INSTRUCTION
1. This form is required by Rule 12b025 (17 CFR240.12b-25) of the
General Rules and Regulation under the Securities Exchange Act of 1934.
2. One signed orginal and four conformed copies of this form and
amendments thereto must be completed and filed with the securities and Exchange
Commission, Washington, DC 20549 in accordance with Rule 0-3 of the General
Rules and Regulations under the Act. The informatioon contained in or filed with
the form will be made a matter of public record in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be
filed with each national securities exchange on which class of securities of the
registrant is registered.
4. Amenddments to the notifications must also be filed on form 12b-25
but need not restate information that has been correctly furnished. The form
shall be clearly indentified as an amendment notification.
5. ELECTRONIC FILERS. This form shall not be used by electronic filers
unable to timely file a report solely due to electronic difficulties. Filers
unable to submit a report within the time period within the time period
prescribed due to difficulties in electronic filing should comply with either
Rule 201 or Rule 202 of Regulation S-T (Section 232.201 or Section 232.202 of
this Chapter) or apply for an adjustment in filing date pursuant to Rule 13(b)
of Regulation S-T (Section 232.12 (c) of this Chapter).
